The news, which broke on Alexander V. Mitchell's Beer in Baltimore blog, was confirmed by the property's co-owner, Ernst Valery.
The building that once housed the historic Chesapeake restaurant was purchased in October 2010, along with adjoining properties, from the city by Michael Shecter and Ernst Valery of Station North Development Partners LLC for $2.5 million. Their original plans for the Chesapeake project included restaurateur Qayum Karzai (The Helmand, Tapas Teatro), but Karzai pulled out in the spring of 2011.
After Karzai's withdrawal, the developers announced a new project team comprising Mauro Daigle and Annie Baum-Stein, the husband-and-wife team behind Philadelphia's Milk & Honey Market, and Dana and Ernst Valery who teamed with Daigle to open a Milk & Honey Market in Baltimore's Mount Vernon neighborhood.
The developers also indicated they would continue to seek out a another tenant to occupy the project's ground floor.